|
Report No. : |
352095 |
|
Report Date : |
28.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
EUROBOLT B.V. |
|
|
|
|
Registered Office : |
De Immenhorst 12 7041ke 'S-Heerenberg |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
15.12.1978 |
|
|
|
|
Com. Reg. No.: |
24135115 |
|
|
|
|
Legal Form : |
Private company with regular structure |
|
|
|
|
Line of Business : |
|
|
|
|
|
Employees: |
33 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
NETHERLANDS - ECONOMIC OVERVIEW
The Netherlands, the sixth-largest economy in the European
Union, plays an important role as a European transportation hub, with a persistently
high trade surplus, stable industrial relations, and moderate unemployment.
Industry focuses on food processing, chemicals, petroleum refining, and
electrical machinery. A highly mechanized agricultural sector employs only 2%
of the labor force but provides large surpluses for food-processing and
underpins the country’s status as the world’s second largest agricultural
exporter. The Netherlands is part of the Eurozone, and as such, its monetary
policy is controlled by the European Central Bank. The Dutch financial sector
is highly concentrated, with four commercial banks possessing over 90% of
banking assets. The sector suffered as a result of the global financial crisis
and required billions of dollars of government support, but the European Banking
Authority completed stringent reviews in 2014 and deemed Dutch banks to be
well-capitalized. To address the 2009 and 2010 economic downturns, the
government sought to stimulate the domestic economy by accelerating
infrastructure programs, offering corporate tax breaks for employers to retain
workers, and expanding export credits. The stimulus programs and bank bailouts,
however, resulted in a government budget deficit of 5.3% of GDP in 2010 that
contrasted sharply with a surplus of 0.7% in 2008. The government of Prime
Minister Mark RUTTE has since implemented significant austerity measures to
improve public finances and has instituted broad structural reforms in key
policy areas, including the labor market, the housing sector, the energy
market, and the pension system. As a result, the government budget deficit at
the end of 2014 dropped to 1.8% of GDP. Following a protracted recession during
which unemployment doubled to 7.4% and household consumption contracted for
nearly three consecutive years, the year 2014 saw fragile GDP growth of 0.8
percent and a rise in most economic indicators. Drivers of growth included
increased exports and business investments, as well as newly invigorated
household consumption.
|
Source
: CIA |
|
Company name |
Eurobolt B.V. |
|
Operative address |
De Immenhorst 12 |
|
|
7041KE 'S-HEERENBERG |
|
|
Netherlands |
|
Status |
Active |
|
Legal form |
Besloten vennootschap met gewone structuur |
|
Registration number |
KvK-nummer: 24135115 |
|
VAT-number |
004652447 |
|
Year |
2014 |
Mutation |
2013 |
Mutation |
2012 |
|
Fixed assets |
986.970 |
|
925.423 |
|
1.007.180 |
|
|
|
6,65 |
|
-8,12 |
|
|
Total receivables |
1.294.782 |
|
1.185.098 |
|
1.048.426 |
|
|
|
9,26 |
|
13,04 |
|
|
Total equity |
4.407.871 |
|
4.327.762 |
|
5.129.698 |
|
|
|
1,85 |
|
-15,63 |
|
|
Short term liabilities |
2.644.457 |
|
2.232.630 |
|
3.394.123 |
|
|
|
18,45 |
|
-34,22 |
|
|
Net result |
80.109 |
|
-801.936 |
|
28.749 |
|
|
|
109,99 |
|
-2.889,44 |
|
|
Working capital |
4.292.986 |
|
4.640.594 |
|
5.530.975 |
|
|
|
-7,49 |
|
-16,10 |
|
|
Quick ratio |
0,52 |
-8,77 |
0,57 |
72,73 |
0,33 |
|
Company name |
EUROBOLT B.V. |
|
Trade names |
EUROBOLT B.V. |
|
Operative address |
De Immenhorst 12 |
|
|
7041KE 'S-HEERENBERG |
|
|
Netherlands |
|
Correspondence address |
De Immenhorst 12 |
|
|
7041KE 'S-HEERENBERG |
|
|
Netherlands |
|
Telephone number |
0314-675700 |
|
Fax number |
0314664126 |
|
Email address |
info@eurobolt.com |
|
Registration number |
24135115 |
|
Branch number |
000020198485 |
|
VAT-number |
004652447 |
|
Status |
Active |
|
First registration company register |
1978-12-15 |
|
Memorandum |
1978-12-15 |
|
Establishment date |
1978-12-15 |
|
Legal form |
Private company with regular structure |
|
Last proposed admendment |
2009-05-19 |
|
Issued placed capital |
EUR 56.250 |
|
Paid up share capital |
EUR 56.250 |
|
SBI |
46741: Wholesale of hardware (ironware and metal products) |
|
Exporter |
Yes |
|
Importer |
Yes |
|
Goal |
Machining of steel and iron
production, import, export of and
trade in intermediate
products and fasteners, steel and iron processing. |
|
|
Liability
statements Klaassen
Fasteners B.V.
Dokwerkerstraat
2
2984BJ
Ridderkerk
Netherlands
Registration number: 20054272
Starting date: 1991-03-06
End date: 2009-12-31
Active management Beleggingsmaatschappij Tobur
Rotterdam B.V.
Molenlaan 55
3055EG ROTTERDAM Netherlands
Registration number: 24166621 Competence:
Fully authorized Function: Manager
Starting date: 2005-01-10
H.J.M. Snijders Hendrikus Johannes
Margaretha
Netherlands
Competence: Fully authorized Function:
Manager
Starting date: 2002-04-01
Date of birth: 1968-10-20, Bergh, NL
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
33 |
31 |
31 |
31 |
31 |
|
Description |
Overeenkomstig conditie |
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
0,52 |
0,57 |
0,33 |
0,20 |
1,12 |
|
Current ratio |
2,62 |
3,08 |
2,63 |
2,07 |
4,03 |
|
Working capital/ balance
total |
0,54 |
0,60 |
0,56 |
0,47 |
0,65 |
|
Equity / balance
total |
0,56 |
0,55 |
0,52 |
0,42 |
0,51 |
|
Equity / Fixed
assets |
4,47 |
4,68 |
5,09 |
4,53 |
3,75 |
|
Equity / liabilities |
1,25 |
1,25 |
1,07 |
0,71 |
1,06 |
|
Balance total /
liabilities |
2,25 |
2,25 |
2,07 |
1,71 |
2,06 |
|
Working capital |
4.292.986 |
4.640.594 |
5.530.975 |
5.743.777 |
5.244.042 |
|
Equity |
4.407.871 |
4.327.762 |
5.129.698 |
5.100.949 |
4.160.334 |
|
Mutation equity |
1,85 |
-15,63 |
0,56 |
22,61 |
29,31 |
|
Mutation short term
liabilities |
18,45 |
-34,22 |
-37,03 |
211,09 |
-66,63 |
|
Return on total
assets (ROA) |
0,99 |
-10,38 |
0,33 |
13,63 |
15,43 |
|
Return on equity
(ROE) |
1,79 |
-18,70 |
0,65 |
32,76 |
29,99 |
|
Gross margin |
2.956.841 |
2.285.409 |
3.039.763 |
5.201.213 |
5.077.446 |
|
Operating result |
264.617 |
-612.915 |
316.142 |
1.915.235 |
1.656.948 |
|
Net result after
taxes |
80.109 |
-801.936 |
28.749 |
1.265.615 |
943.029 |
|
Cashflow |
224.781 |
-649.904 |
229.918 |
1.459.073 |
1.142.434 |
|
EBIT |
264.617 |
-612.915 |
316.142 |
1.915.235 |
1.656.948 |
|
EBITDA |
409.289 |
-460.883 |
517.311 |
2.108.693 |
1.856.353 |
Summary The 2014 financial result structure is a
postive working captial of 4.292.986 euro, which is in agreement with 54 % of
the total assets of the company.
The working capital has diminished with
-7.49 % compared to previous year. The ratio, with respect to the total assets
of the company has however, declined.
The deterioration between 2013 and 2014 has
mainly been caused by an increase of the current liabilities.
The current ratio of the company in 2014 was
2.62. A company with a current ratio between 1.5 and 3.0 generally indicates
good short-term financial strength.
The quick ratio in 2014 of the company was
0.52. A company with a Quick Ratio of less than 1 cannot currently pay back its
current liabilities.
The 2013 financial result structure is a
postive working captial of 4.640.594 euro, which is in agreement with 60 % of
the total assets of the company.
The working capital has diminished with
-16.1 % compared to previous year. The ratio, with respect to the total assets
of the company has however, increased.
The deterioration between 2012 and 2013 has
mainly been caused by a reduction of the current assets.
The current ratio of the company in 2013 was
3.08. If the current ratio exeeds 3.0, the company may not be using its current
assets or its short-term financing facilities efficiently . The quick ratio in
2013 of the company was 0.57. A company with a Quick Ratio of less than 1
cannot currently pay back its current liabilities.
|
Last annual account |
2014 |
|
Remark annual account |
There is no financial data published |
|
Type of annual account |
Corporate |
|
Annual account |
Eurobolt B.V. |
De Immenhorst 12
7041KE 'S-HEERENBERG Netherlands
Registration number: 24135115
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-12-31 |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Tangible fixed assets |
986.970 |
925.423 |
1.007.180 |
1.126.060 |
1.109.503 |
|
Fixed assets |
986.970 |
925.423 |
1.007.180 |
1.126.060 |
1.109.503 |
|
Total stock |
5.568.025 |
5.598.572 |
7.815.495 |
10.077.697 |
5.032.995 |
|
Total receivables |
1.294.782 |
1.185.098 |
1.048.426 |
799.566 |
1.717.447 |
|
Liquid funds |
74.636 |
89.554 |
61.177 |
256.815 |
226.341 |
|
Current assets |
6.937.443 |
6.873.224 |
8.925.098 |
11.134.078 |
6.976.783 |
|
Total assets |
7.924.413 |
7.798.647 |
9.932.278 |
12.260.138 |
8.086.286 |
|
Issued capital |
56.722 |
56.722 |
56.722 |
56.722 |
56.722 |
|
Share premium reserve |
658.053 |
658.053 |
658.053 |
658.053 |
658.053 |
|
Revaluation reserve |
75.074 |
80.674 |
86.274 |
91.874 |
97.474 |
|
Other reserves |
3.618.022 |
3.532.313 |
4.328.649 |
4.294.300 |
3.348.085 |
|
Total reserves |
4.351.149 |
4.271.040 |
5.072.976 |
5.044.227 |
4.103.612 |
|
Total equity |
4.407.871 |
4.327.762 |
5.129.698 |
5.100.949 |
4.160.334 |
|
Provisions |
18.768 |
20.168 |
21.568 |
22.968 |
24.368 |
|
Long term interest
yielding debt |
853.317 |
1.218.087 |
1.386.889 |
1.745.920 |
2.168.843 |
|
Long term liabilities |
853.317 |
1.218.087 |
1.386.889 |
1.745.920 |
2.168.843 |
|
Short term liabilities |
2.644.457 |
2.232.630 |
3.394.123 |
5.390.301 |
1.732.741 |
|
Total short and
long term liabilities |
3.516.542 |
3.470.885 |
4.802.580 |
7.159.189 |
3.925.952 |
|
End date |
2014-12-31 |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Total liabilities |
7.924.413 |
7.798.647 |
9.932.278 |
12.260.138 |
8.086.286 |
Summary The total assets of
the company increased with 1.61 % between 2013 and 2014.
The total asset increase is retrievable in
the fixed asset growth of 6.65 %. The asset growth has mainly been financed by
a Net Worth increase of 1.85 %. Debt, however, grew with 1.32 %.
In 2014 the assets of the company were 12.45
% composed of fixed assets and 87.55 % by current assets. The assets are being
financed by an equity of 55.62 %, and total debt of 44.38 %.
The total assets of the company decreased
with -21.48 % between 2012 and 2013. This total assets decrease has been
reflected in a reduction of non current assets of -8.12 %. Assets reduction is
explained by a Net Worth decrease of -15.63 %, and an indebtedness reduction of
-27.73 %.
In 2013 the assets of the company were 11.87
% composed of fixed assets and 88.13 % by current assets. The assets are being
financed by an equity of 55.49 %, and total debt of 44.51 %.
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Gross margin |
2.956.841 |
2.285.409 |
3.039.763 |
5.201.213 |
5.077.446 |
|
Wages and salaries |
1.523.837 |
1.575.725 |
1.550.054 |
1.765.204 |
1.638.248 |
|
Amorization and depreciation |
144.672 |
152.032 |
201.169 |
193.458 |
199.405 |
|
other operating costs |
1.023.715 |
1.170.567 |
972.398 |
1.327.316 |
1.582.845 |
|
Operating expenses |
2.692.224 |
2.898.324 |
2.723.621 |
3.285.978 |
3.420.498 |
|
Operating result |
264.617 |
-612.915 |
316.142 |
1.915.235 |
1.656.948 |
|
Financial expenses |
|
|
282.974 |
243.914 |
409.066 |
|
Financial result |
-185.908 |
-196.240 |
-282.974 |
-243.914 |
-409.066 |
|
Result on ordinary
operations before taxes |
78.709 |
-809.155 |
33.168 |
1.671.321 |
1.247.882 |
|
Taxation on the
result of ordinary
activities |
-1.400 |
-7.219 |
4.419 |
405.706 |
304.853 |
|
Result of ordinary
activities after taxes |
80.109 |
-801.936 |
28.749 |
1.265.615 |
943.029 |
|
Net result |
80.109 |
-801.936 |
28.749 |
1.265.615 |
943.029 |
Summary The gross profit of
the company grew with 29.38 % between 2013 and 2014.
The operating result of the company grew
with 143.17 % between 2013 and 2014. This evolution implies an increase of the
company's economic profitability.
The result of these changes is an increase of
the company's Economic Profitability of 109.54 % of the analysed period, being
equal to 0.99 in the year 2014.
The Net Result of the company increased by
109.99 % between 2013 and 2014. The company's Financial Profitability has been
negatively affected by the financial activities in comparison to the EBITs
behaviour. The result of these variations is a profitability reduction of
109.57 % of the analysed period, being 1.79 in the year 2014.
The company's financial structure has slowed
down its financial profitability.
The gross profit of the company decreased by
-24.82 % between 2012 and 2013. The operating result of the company declined
with -293.87 % between 2012 and 2013. This evolution implies an decrease of the
company's economic profitability. The result of these changes is a reduction of
the company's Economic Profitability of -3245.45 % of the analysed period,
being equal to -10.38 in the year 2013. The Net Result of the company decreased
by -2889.44 % between 2012 and 2013. The company's Financial Profitability has
been negatively affected by the financial activities in comparison to the EBITs
behaviour. The result of these variations is a profitability reduction of
-2976.92 % of the analysed period, being -18.7 in the year 2013.
The company's financial profitability has
been positively affected by its financial structure.
|
Branch (SBI) |
Wholesale trade (no motor vehicles and motorcycles) (SBI code 46) |
|
Region |
Achterhoek |
|
Summary |
In the Netherlands 109662 of the companies are registered with the SBI
code 46 |
In the region Achterhoek 2361 of the companies are registered with the
SBI code 46 In the Netherlands 2387 of the bankrupcties are published within
this sector In the region Achterhoek 56 of the bankruptcies are published
within this sector The risk of this specific sector in the Netherlands is
normal
The risk of this specific sector in the region Achterhoek is normal
Deposits 28-05-2015: De
jaarrekening over 2013 is gepubliceerd.
11-05-2015: De jaarrekening over 2014 is
gepubliceerd.
20-06-2013: De jaarrekening over 2012 is
gepubliceerd.
19-06-2012: De jaarrekening over 2011 is
gepubliceerd.
02-05-2011: De jaarrekening over 2010 is
gepubliceerd.
17-01-2011: De jaarrekening over 2009 is
gepubliceerd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.68 |
|
Euro |
1 |
Rs.70.88 |
|
Euro |
1 |
Rs.70.77 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.